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(CNN)— There’s fallout on Capitol Hill after the House rejected a $700 billion financial bailout bill. In the latest installment of CNN=Politics Daily, CNN’s Kate Bolduan reports on why the bill failed and what it will take to make it pass, while White House Correspondent Ed Henry has the candidates reaction to yesterday’s turmoil.

Plus: Whoever is elected in November will have a slue of concerns facing him on the first day. CNN’s Christine Romans reports on the economic mess the next president will inherit.

Finally: Governor Sarah Palin and Senator Joe Biden are actively preparing for Thursday night’s debate. CNN’s Jason Carroll has the details on how both vice presidential candidates are already trying to sway the debate in their favor.